Mary And Herbert Boeckmann Purchase 2156 Stratford Circle From Neil And Margot Shekhter For $15M
2156 Stratford Circle
$15,000,000
$962/SF
Building Size
15,578 SF
Asset Type
Single Family
Closing
Sep 5, 2024
AI
A single-family estate located at 2156 Stratford Circle in Los Angeles has been sold. The property encompasses 0.78 acres and boasts a total area of 15,578 square feet. The sale was finalized for $15,000,000, with a price per square foot of $963.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,000,000
- Address: 2156 Stratford Circle
- Market: Los Angeles
- Acres: 0.78
- Square Footage: 15,578
- Price Per Square Foot: $963
- Buyer: Mary Boeckmann & Herbert Boeckmann III
- Seller: Margot Shekhter & Neil Shekhter
- Buyer's Representative: Brett Kester - Sotheby's International Realty
- Seller's Representatives: Joshua Altman & Matthew Altman - Douglas Elliman
The transaction involved prominent real estate representatives, including Brett Kester of Sotheby’s International Realty representing the buyers, and Joshua and Matthew Altman of Douglas Elliman representing the sellers. The estate was initially listed for nearly $27 million, and this sale follows Neil and Margot Shekhter's prior legal issues concerning plumbing matters and Neil Shekhter's declining apartment portfolio.
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93